Financial Hardship AssistanceAvoiding Foreclosure: Know Your Options

Facing a financial hardship that is making those monthly mortgage payments a challenge? The team of real estate experts at CBC can help by presenting options that could potentially help before it’s too late. Whether you’ve fallen behind on payments or are simply worried you soon might, if your mortgage is with CBC give us a call to talk options: 805-988-2151 or 800-477-2890. You may also visit KnowYourOptions.com from Fannie Mae to learn more about avoiding foreclosure.

Acting quickly in the face of financial difficulties will offer more options for finding the best solution to avoid the start of a foreclosure on your home and potential damage to your credit score. As your lender, CBC would rather work with you to help you stay in your house than go through the foreclosure process.

Potential Options May Include:

Loan modification

Extension of payments or temporary suspension of payments

Short sale

Before you contact CBC with your mortgage concerns, have these documents ready to help the process move swiftly: